Quote:
Originally Posted by crazy_eoj
Last Bush and Obama, primarily. Sadly, Obama looks likely to obliterate any past borrowers in US history, passing Crazypants Bushs' borrowing in just 4 years... 15 trillion and counting.
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You may want to check your sources on that.
The US debt grew by 188.6% under Reagan and 89% under Bush, a per-term average of 94.3% and 44.5%, respectively. In Obama's first term, the debt grew by 41.4%, slightly lower than GWB's per-term average and
less than half of Reagan's per-term average. Most of the debt growth attributed to Obama occurred in the first two years of his term. In 2012, the debt growth has slowed to a rate of 4.8% per year. It's an almost certainty that American debt growth will continue to slow over the course of Obama's second term as the US emerges from the recession into a recovery period.
Source:
http://www.skymachines.com/US-Nation...ental-Term.htm
[Edit]
Also, the rate of debt growth has slowed during all four years Obama has been in office.
2008 (last Bush year): 15.9%
2009: 15.1%
2010: 13.9%
2011: 7.8%
2012: 4.8%